PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings Results for the Quarter Ended January 31, 2019
March 12, 2019 at 01:40 am IST
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PGIM Global High Yield Fund, Inc. (Formerly PGIM Global Short Duration High Yield Fund, Inc.) reported unaudited earnings results for the quarter ended January 31, 2019. For the quarter, the company reported net investment income of $10,324,083 or $0.25 per share against $10,307,617 or $0.25 per share a year ago. Net realized and unrealized loss was $897,129 or $0.02 per share against $3,540,228 or $0.09 per share a year ago. Net increase in net assets from operations was $9,426,954 or $0.23 per share against $6,767,389 or $0.16 per share a year ago.
PGIM Global High Yield Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income. The Fund seeks to provide a high level of current income by investing primarily in below investment-grade fixed income instruments of issuers located around the world, including emerging markets. The Fund invests in high yield bonds, which are subject to greater credit and market risks, including greater risk of default; derivative securities, which may carry market, credit and liquidity risks; foreign securities, which are subject to currency fluctuation and political uncertainty, and emerging markets securities, which are subject to greater volatility and price declines. The Fund invests in various sectors, including cable and satellite, energy - upstream, retailers and restaurants, gaming and lodging and leisure, and consumer non-cyclical. The Fund's investment manager is PGIM Investments LLC.
PGIM GLOBAL HIGH YIELD FUND, INC 
